It's another buying opportunity I think. Not quite sure when....buut soon (as in a month or two. There should be some technicals that line up to instill buyer confidence). Some entity with deep pockets did the dump. It's not a bad thing. Happened back in Oct and Jul. The bad news is, this gold miner trough looks like it's going to extend itself, so longs have to be patient. The good news is it looks like it's found a bottom. I'm eying other gold companies to put my $$$ in for the cheap 10% scalp. Keeping my long position in GSS unless things look really bad. I don't see why it would retest into the 40's but if it does I might just opt for that second flip account. I thought about just having one account...but not if I'm trading the same stock with the intention of flipping. Too complicated and mistakes could happen (broker might accidentally sell the shares I bought first (lower price than the stock I purchased last)). Account #1 = keep stocks for over a year and pay 15% tax. Account #2 = flip stocks and pay 30% tax. Hang in there PayDirt.
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